Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $133.25 - $243.43 | $178.02 |
| Multi-Stage DDM | $100.63 - $110.15 | $105.30 |
| Blended Fair Value | $141.66 | |
| Stock Price | $259.51 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 1.028 | 0.989 | 0.950 | 0.909 | 0.858 | 0.803 | 0.759 | 0.686 | 0.608 | 0.552 |
| YoY % | 3.95% | 4.05% | 4.53% | 5.97% | 6.78% | 5.80% | 10.75% | 12.79% | 10.07% | 10.69% |
| Yield | 0.40% | 0.38% | 0.37% | 0.35% | 0.33% | 0.31% | 0.29% | 0.26% | 0.23% | 0.21% |
| CAGR | Value |
|---|---|
| 5 Year | 5.05% |
| 10 Year | 7.49% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 3.56% to 5.56% | 4.56% |
| WACC | 9.00% | 9.00% |
| Fair Value | $133.25 - $243.43 | $178.02 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 112,010.00 | 112,010.00 | 112,010.00 |
| (=) Cash Required | 22,402.00 | 14,001.25 | 8,400.75 |
| (=) Excess Retained per Share | 5.97 | 6.53 | 6.91 |
| LTM Dividend per Share | 1.028 | 1.028 | 1.028 |
| (=) Adjusted Dividend | 7.000 | 7.560 | 7.933 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 112,010.00 | 117,117.64 | 122,458.18 | 128,042.25 | 133,880.96 | 139,985.90 |
| Projected Dividends | 15,421.00 | 29,279.41 | 50,207.85 | 72,984.08 | 97,733.10 | 125,987.31 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 27,776.37 | 28,044.59 | 28,312.80 |
| Year 2 PV | 43,279.76 | 44,119.63 | 44,967.58 |
| Year 3 PV | 57,166.46 | 58,838.54 | 60,542.92 |
| Year 4 PV | 69,559.23 | 72,285.12 | 75,090.35 |
| Year 5 PV | 81,477.91 | 85,488.48 | 89,655.43 |
| TV PV | 1,230,657.40 | 1,291,233.65 | 1,354,172.13 |
| Equity Value | 1,509,917.14 | 1,580,010.01 | 1,652,741.22 |
| Fair Value | $100.63 | $105.30 | $110.15 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| 688009.SS | 688009.SS | 3.25% | $0.18 | 55.08% |
| ALMB.CO | ALMB.CO | 3.25% | $0.60 | 69.79% |
| BUDI.JK | BUDI.JK | 3.25% | $7.01 | 35.52% |
| 0398.HK | 0398.HK | 3.24% | $0.12 | 19.25% |
| 044820.KS | 044820.KS | 3.24% | $449.62 | 35.33% |
| 8017.HK | 8017.HK | 3.24% | $0.05 | 45.22% |
| ALPM.PA | ALPM.PA | 3.24% | $0.86 | 32.45% |
| DGV.MI | DGV.MI | 3.24% | $0.93 | 15.10% |
| ULTJ.JK | ULTJ.JK | 3.24% | $46.50 | 39.75% |
| 004890.KS | 004890.KS | 3.23% | $1,262.87 | 23.13% |
| 5297.TWO | 5297.TWO | 3.23% | $0.92 | 61.02% |
| 600219.SS | 600219.SS | 3.23% | $0.17 | 39.17% |
| 601018.SS | 601018.SS | 3.23% | $0.12 | 48.88% |
| 6448.T | 6448.T | 3.23% | $100.95 | 46.67% |
| AZE.BR | AZE.BR | 3.23% | $0.30 | 24.74% |
| FDP | FDP | 3.23% | $1.14 | 68.58% |
| FMM-B.ST | FMM-B.ST | 3.23% | $2.25 | 87.42% |
| ITECH.ST | ITECH.ST | 3.23% | $1.74 | 50.69% |
| MTY.TO | MTY.TO | 3.23% | $1.24 | 73.76% |
| SKA-B.ST | SKA-B.ST | 3.23% | $8.31 | 55.80% |
| 1179.HK | 1179.HK | 3.22% | $1.20 | 98.76% |
| 2745.TWO | 2745.TWO | 3.22% | $3.48 | 41.20% |
| 3533.TW | 3533.TW | 3.22% | $41.68 | 56.60% |
| 5908.KL | 5908.KL | 3.22% | $0.19 | 20.93% |
| 600886.SS | 600886.SS | 3.22% | $0.42 | 51.34% |
| 603566.SS | 603566.SS | 3.22% | $0.40 | 95.20% |
| 9583.SR | 9583.SR | 3.22% | $1.45 | 81.04% |
| CBG-R.BK | CBG-R.BK | 3.22% | $1.40 | 47.30% |
| ESF.VI | ESF.VI | 3.22% | $2.01 | 62.22% |
| ETE.AT | ETE.AT | 3.22% | $0.44 | 36.82% |
| MOTV3.SA | MOTV3.SA | 3.22% | $0.48 | 33.62% |
| NCKL.JK | NCKL.JK | 3.22% | $37.57 | 29.64% |
| TEA.AX | TEA.AX | 3.22% | $0.13 | 38.34% |
| 002283.SZ | 002283.SZ | 3.21% | $0.20 | 65.38% |
| 004840.KS | 004840.KS | 3.21% | $160.40 | 26.30% |
| 241560.KS | 241560.KS | 3.21% | $1,824.89 | 39.43% |
| 300406.SZ | 300406.SZ | 3.21% | $0.42 | 56.93% |
| 4088.T | 4088.T | 3.21% | $72.44 | 32.93% |
| 603187.SS | 603187.SS | 3.21% | $0.50 | 50.00% |
| 6250.T | 6250.T | 3.21% | $95.31 | 27.60% |
| SKF-A.ST | SKF-A.ST | 3.21% | $7.93 | 74.23% |
| 002441.SZ | 002441.SZ | 3.20% | $0.30 | 77.91% |
| 002991.SZ | 002991.SZ | 3.20% | $1.82 | 65.31% |
| 300833.SZ | 300833.SZ | 3.20% | $1.30 | 92.60% |
| 688799.SS | 688799.SS | 3.20% | $1.53 | 67.14% |
| 029530.KS | 029530.KS | 3.19% | $1,500.14 | 29.67% |
| 0RL4.L | 0RL4.L | 3.19% | $0.91 | 47.34% |
| 5889.T | 5889.T | 3.19% | $64.74 | 39.09% |
| DAPS.BO | DAPS.BO | 3.19% | $0.65 | 14.79% |
| PTPS.JK | PTPS.JK | 3.19% | $6.00 | 38.20% |